Goldsky announces MOU with Ocean Partners to further study cobalt recovery from the Rajapalot Project in Finland

The companies also seek to evaluate potential commercial arrangements relating to cobalt concentrate production, marketing, and offtake.

"We are pleased to announce this MOU with Ocean Partners for our Rajapalot Project in Finland. The MOU has been designed to investigate the best technical flowsheet for cobalt recovery and a commercial solution for the sale of concentrate into the cobalt market. Our Rajapalot project has a strategic cobalt component that enables us to potentially qualify as a critical metal producer as defined by the EU's Critical Raw Materials Act. This will be an important advantage for us from the perspective of permitting the Rajapalot Project into production ”, said Russell Bradford CEO.

The company is evaluating opportunities to recover cobalt from mineralised material associated with the Rajapalot Project in Finland. Ocean Partners has expertise in metals marketing, concentrate blending, offtake arrangements, project development, and financing solutions and wishes to assess the potential for participation in the development of a cobalt recovery process and associated commercial arrangements. Costs relating to the phase 1 development including sample generation, transport, laboratory work, and supervision will be allocated between the two parties.

The Parties shall cooperate in good faith to investigate:

1. The metallurgical recovery of cobalt from Rajapalot mineralised material.
2. The technical and economic viability of a cobalt recovery circuit and processing facility.
3. Potential cobalt concentrate marketing and offtake opportunities.
4. Concentrate blending opportunities and associated commercial arrangements.
5. Potential participation by Ocean Partners in future project development.

This MOU is intended to facilitate cooperation and information sharing during the evaluation process and does not constitute a binding commitment to proceed with any transaction, construction project, financing arrangement or offtake agreement, nor does it create any binding obligations.

Read the article online at: https://www.globalminingreview.com/exploration-development/09072026/goldsky-announces-mou-with-ocean-partners-to-further-study-cobalt-recovery-from-the-rajapalot-project-in-finland/